News Summary
A stunning estate named Mision Lago has hit the market in Tampa, Florida, with a listing price of $18.9 million. This opulent property on Lake Thonotosassa offers over 34,000 square feet of luxurious living space. Key features include six-bedroom suites, a replica of the Oval Office, and a custom home theater. Listed by Premier Sotheby’s Realty, the estate stands out amid challenges in the luxury real estate market, where supply exceeds demand as buyers remain cautious about rising prices.
Tampa, Florida
A unique estate known as Mision Lago has entered the real estate market with a listing price of $18.9 million. The estate is located at 11865 Fort King Highway on the shores of Lake Thonotosassa, just outside of Tampa. This luxurious compound spans over 34,000 square feet of living space and sits on a picturesque landscape of 14 acres.
Mision Lago features an array of opulent accommodations, including six-bedroom suites and 12 baths. Among its distinctive elements is a 900-square-foot replica of the Oval Office, a private in-law suite, and a custom-built home theater modeled after the historic Tampa Theatre. The property also includes a 25,000-square-foot main residence characterized by soaring ceilings and artisanal millwork. An impressive multi-tiered lagoon-style pool, complete with waterfalls and a zero-entry design, enhances the estate’s luxury offerings.
The property is currently listed by Karen Hegemeier and Paul DeSantis from Premier Sotheby’s International Realty’s South Tampa office, which is recognized for its expertise in the luxury housing market.
Other Luxury Listings in the Area
Mision Lago is not the only luxury property on the market in the area. Nearby listings include:
- A corner unit condominium at The Residences at The Tampa EDITION on 1000 Water Street, featuring 4 bedrooms and 3.5 bathrooms
- A penthouse located at 2103 Bayshore Boulevard in Historic Hyde Park, which offers 4 bedrooms and 5.5 bathrooms, currently listed at $6,750,000
- An Italian neo-classical Renaissance estate at 1310 S Lake Shore Drive in Sarasota, featuring 4 bedrooms and 6 bathrooms, with a listing price of $28,350,000
- A penthouse unit at 10 Papaya St., Unit 1404 in Clearwater Beach, offering 4 bedrooms and 3.5 bathrooms, currently priced at $5,900,000
Challenges in the Luxury Market
Florida’s luxury housing market is currently facing some challenges. While the prices for luxury homes continue to rise, potential buyers are growing increasingly hesitant due to steep costs. This trend has created a complex environment where the supply of high-end properties exceeds the demand as many buyers weigh their financial options amid soaring prices. Market analysts note that this hesitancy could affect the velocity of sales and future pricing trends in the luxury segment.
A large-scale property like Mision Lago, with its exclusive features and amenities, stands out amid this evolving market, signaling that while buyers may be cautious, there remains a significant appetite for unique, lavish homes in sought-after locations.
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Additional Resources
- Florida Trend: Florida’s Luxury Homes Struggling to Find Buyers
- Wikipedia: Luxury Real Estate
- Redfin: Q2 2024 Luxury Report
- Google Search: Luxury Real Estate Market
- Realtor.com: Top Places Where Sellers Are Slashing Prices
- Encyclopedia Britannica: Real Estate
- Time: Netflix Real Estate Shows
- Google News: Luxury Homes Market
- Redfin: Luxury Housing Market Q3 2023
- Norada Real Estate: Florida Cities at High Risk of Housing Market Decline
